Entropy Technologies LP Makes New $538,000 Investment in Oklo Inc. $OKLO

Entropy Technologies LP bought a new stake in Oklo Inc. (NYSE:OKLO) during the 2nd quarter, HoldingsChannel reports. The firm bought 9,612 shares of the company’s stock, valued at approximately $538,000.

A number of other institutional investors and hedge funds have also modified their holdings of OKLO. KBC Group NV lifted its stake in Oklo by 11.8% in the 2nd quarter. KBC Group NV now owns 1,849 shares of the company’s stock valued at $104,000 after buying an additional 195 shares in the last quarter. Fourth Dimension Wealth LLC raised its holdings in shares of Oklo by 125.0% during the second quarter. Fourth Dimension Wealth LLC now owns 450 shares of the company’s stock valued at $25,000 after acquiring an additional 250 shares during the last quarter. MRA Advisory Group lifted its position in shares of Oklo by 2.8% in the second quarter. MRA Advisory Group now owns 9,770 shares of the company’s stock valued at $547,000 after acquiring an additional 266 shares in the last quarter. Rothschild Investment LLC boosted its stake in shares of Oklo by 82.9% in the second quarter. Rothschild Investment LLC now owns 640 shares of the company’s stock worth $36,000 after acquiring an additional 290 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Oklo by 107.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 590 shares of the company’s stock worth $33,000 after purchasing an additional 305 shares in the last quarter. Hedge funds and other institutional investors own 85.03% of the company’s stock.

Insider Activity

In other news, CFO Richard Craig Bealmear sold 7,622 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $101.44, for a total transaction of $773,175.68. Following the transaction, the chief financial officer directly owned 121,913 shares of the company’s stock, valued at approximately $12,366,854.72. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Stuart Klein sold 50,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $133.76, for a total transaction of $6,688,000.00. Following the sale, the director directly owned 150,000 shares of the company’s stock, valued at approximately $20,064,000. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 503,323 shares of company stock worth $53,914,143. Company insiders own 18.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Zacks Research upgraded Oklo from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Citigroup reiterated a “neutral” rating on shares of Oklo in a research report on Monday. Canaccord Genuity Group started coverage on shares of Oklo in a research report on Thursday, October 9th. They set a “buy” rating and a $175.00 price target on the stock. B. Riley upped their price objective on shares of Oklo from $58.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Oklo in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.29.

Oklo Trading Up 1.6%

Shares of NYSE OKLO opened at $89.62 on Tuesday. The stock has a fifty day moving average price of $124.70 and a 200 day moving average price of $84.08. Oklo Inc. has a 12-month low of $17.14 and a 12-month high of $193.84. The company has a market cap of $14.00 billion, a P/E ratio of -165.96 and a beta of 0.70.

Oklo (NYSE:OKLO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). During the same quarter last year, the business posted ($0.08) earnings per share. On average, sell-side analysts forecast that Oklo Inc. will post -8.2 EPS for the current fiscal year.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.